BRUSSELS, Feb 10 — The eurozone economy will grow less than expected this year, the European Commission said today, as energy prices and supply chain problems jack up inflation and delay a more sustained recovery from the pandemic.
However, the former Italian prime minister underlined that “uncertainty and risks remain high” with the EU warning that “geopolitical tensions” in eastern Europe had “markedly aggravated” potential threats to the economy. Growth in the eurozone would be at 2.7 per cent, a robust number when compared with trends before the coronavirus pandemic.
The debate deepened last week when the EU announced record-low unemployment rate for the eurozone, feeding a belief that consumer demand could surge, further pressuring prices.
Source: Energy Industry News (energyindustrynews.net)
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